Nifty Bank Nifty for 7thApril 2016
Both nifty and bank Nifty are in no trade range for medium term .
But for intraday traders they may present an opportunity today.
After 12.30-1 PM if Nifty trades above 7660, it will be a buy
and sustain trading below 7590 will mean that its a sell for day
7590-7600 is no trade zone .
After 12.30-1 PM if Bank Nifty trades above 15765, it will be a buy and it will be a sell below 15570
15570-15765 is no trade zone
PS:Update at 10:15 Nifty near crucial support of 7525 may bounce back
Both nifty and bank Nifty are in no trade range for medium term .
But for intraday traders they may present an opportunity today.
After 12.30-1 PM if Nifty trades above 7660, it will be a buy
and sustain trading below 7590 will mean that its a sell for day
7590-7600 is no trade zone .
After 12.30-1 PM if Bank Nifty trades above 15765, it will be a buy and it will be a sell below 15570
15570-15765 is no trade zone
PS:Update at 10:15 Nifty near crucial support of 7525 may bounce back
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